Senior PIK Preferred Stock definition

Senior PIK Preferred Stock means the Corporation's 12 1/4% Senior Exchangeable Preferred Stock issued on January 22, 1998 and mandatorily redeemable 2008.
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Senior PIK Preferred Stock shall have the meaning set forth in recital (C) hereto.
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Senior PIK Preferred Stock means the 12% senior preferred stock of the Company with a liquidation preference of $25 per share.
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Examples of Senior PIK Preferred Stock in a sentence

  • No full dividends may be declared or paid or funds set apart for the payment of dividends by the Company on the Junior Preferred Stock for any period unless full cumulative dividends with respect to each Dividend Payment Date ending on or before such period shall have been or contemporaneously are declared and paid in full or declared and, if payable in cash, a sufficient sum in cash set apart for such payment on the Senior PIK Preferred Stock.

  • The Company Preferred Stock and the Company’s 11 1/2% Senior PIK Preferred Stock due 2010, $.01 par value (the “Senior PIK Preferred Stock”), will each rank on a parity with the other in all respects.

  • If the Company cannot, within the time periods stated in Sections 12.1 and 12.2(c), obtain cash to meet its obligations upon the exercise of the Put Right, then the Company shall issue to the Cash Equity Investor exercising the Put Right a Subordinated Put Note, dated as of the date of exercise of the Put Right, which shall rank senior to each class of Preferred Stock existing on the date hereof other than the Senior PIK Preferred Stock and the Sygnet PIK Preferred Stock.

  • The Unit Agent shall furnish the Company, the Transfer Agent or the Warrant Agent promptly when requested with a list of registered holders of Units for the purpose of mailing any notice or communication to the holders of the Senior PIK Preferred Stock or Warrants and at such other times as may be reasonably requested.

  • The registered owner of a Unit Certificate shall have all the rights and privileges of a registered owner of the number of shares of Senior PIK Preferred Stock represented thereby and the number of Warrants represented thereby and shall be treated as the registered owner thereof for all purposes.

  • There is hereby created out of the authorized and unissued shares of Preferred Stock of the Corporation a class of Preferred Stock designated as the "13 1/2% Senior PIK Preferred Stock due 2007." The number of shares constituting such class shall be 1,000,000 and are referred to herein as the "Senior Preferred Stock." 800,000 shares of Senior Preferred Stock shall be initially issued with an additional 200,000 shares reserved for issuance in accordance with paragraph (c)(i) hereof.

  • The Company Preferred Stock and the Company's 11 1/2% Senior PIK Preferred Stock due 2010, $.01 par value (the "Senior PIK Preferred Stock"), will each rank on a parity with the other in all respects.

  • The Senior PIK Preferred Stock and Warrants of the Company represented by this Unit Certificate shall be immediately detachable and separately transferable until the next day after the sale by the Initial Purchasers.

  • The Senior PIK Preferred Stock certificate may have notations, legends or endorsements required by law, stock exchange rule, agreements to which the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company).

  • The Corporation filed an Amended and Restated Certificate of Determination for its 11½% Senior PIK Preferred Stock due 2010 (the “Certificate of Determination”) with the California Secretary of State on April 8, 1998 (as amended on May 27, 2003).


More Definitions of Senior PIK Preferred Stock

Senior PIK Preferred Stock the senior pay-in-kind preferred stock of Holdings acquired by GSCP Investors in the Acquisition.
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Senior PIK Preferred Stock means the 12 1/4% Senior Exchangeable Preferred Stock of the Company issued on January 22, 1998 Mandatorily Redeemable 2008, par value $1.00 per share.
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Senior PIK Preferred Stock. The series of senior pay-in-kind preferred stock, par value $0.01 per share, of the Company, to be issued as of the Closing Date, in connection with the financing for the Merger Agreement.
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Related to Senior PIK Preferred Stock

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Qualified Preferred Stock means any preferred capital stock of Holdings or Lead Borrower so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings or Lead Borrower, as applicable, to opt to make payment solely) in the form of common Equity Interests, Qualified Preferred Stock of Holdings or Lead Borrower or cash in lieu of fractional shares, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings or Lead Borrower, as applicable, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or Lead Borrower, as applicable, or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings or Lead Borrower the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in an Event of Default hereunder.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Designated Preferred Stock means Preferred Stock of the Issuer or any direct or indirect parent of the Issuer (other than Disqualified Stock), that is issued for cash (other than to the Issuer or any of its Subsidiaries or an employee stock ownership plan or trust established by the Issuer or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officer’s Certificate, on the issuance date thereof.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.